Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$761,254$761,254$791,100
Remaining term (yrs)29.029.030.0
Secondary amount$0$29,846$0
Funding fee$3,806$3,806$0
Note rate6.300%6.300%7.400%
Blended rate6.300%6.402%7.640%
1st payment$4,762.50$4,762.50$5,477.42
2nd payment$0.00$223.84$0.00
Taxes / mo$578.06$578.06$578.06
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$158.22
HOA / mo$133.33$133.33$133.33
Total monthly$5,690.56$5,914.40$6,563.70
Cash to close$117,746$87,900$87,900